18 Sherman Ave Morris Twp., NJ 07950
Listing Courtesy of: GARDEN STATE MLS - IDX / Listed By: Iuliana "Juliana" Pirtea, Coldwell Banker Realty - Contact:  917-929-0077

  18 Sherman Ave Morris Twp., NJ 07950

Coming Soon
$1,095,000 (USD)
7
BED
5
BATH
OPEN HOUSE TIMES
  • OPEN
    Sat, Oct 24
    11:00 am - 12:30 pm
  • OPEN
    Sun, Oct 25
    1:30 pm - 3:30 pm

Description

RARE 3 UNIT INVESTMENT OPPORTUNITY IN MORRIS PLAINS!GREAT INCOME POTENTIAL! A phenomenal opportunity for investors seeking to expand their portfolio with a unique, income-producing property in Morris Plains! Featuring two separate homes on 1 lot, a duplex and a SF/Home,2 garages, low property taxes, long-term tenants already in place, and a prime location within walking distance to direct train service to NYC, this property offers an attractive combination of convenience and investment potential.The main residence features a side-by-side duplex each with 3 bdr, 1.5 baths, and a spacious basement providing abundant storage. A brand-new roof installed in October 2026 adds further appeal. The separate rear cottage was beautifully renovated in 2024 and offers 1 bedroom, 1 bath ,a generously sized living/dining area, and a spacious primary bedroom.Additional highlights include ample off-street parking and private rear patio areas for each residence, providing desirable outdoor space and added tenant appeal.With long-term tenants in place, convenient access to NYC transportation, and the advantage of relatively low property taxes, this distinctive 3 unit property presents an exciting opportunity for investors looking to build long-term wealth through real estate. Explore the income potential, evaluate the numbers, and discover the possibilities this exceptional investment has to offer!Two homes. A compelling opportunity to grow your portfolio in Morris Plains! Not to be missed!

MLS #:
4060667
Taxes
$9,359(2025)
Lot Size
7,405 SQFT
Type
Multifamily
Year Built
1928
County
Morris County

Listed By

Iuliana "Juliana" Pirtea, Coldwell Banker Realty, Contact: 917-929-0077
Source
GARDEN STATE MLS - IDX
Last checked Oct 23 2026 at 4:33 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathrooms: 2
Interior Features
  • Carbon Monoxide Detector
  • Smoke Detector
  • Fire Extinguisher
  • Wood Floors
  • Carpeting
Subdivision
  • Morris Plains
Lot Information
  • Level Lot
Heating and Cooling
  • 3 Units
  • None
Basement Information
  • Unfinished
Exterior Features
  • Vinyl Siding
  • Roof: Asphalt Shingle
Utility Information
  • Utilities: Gas-Natural, Public Water, Electric
  • Sewer: Public Sewer
  • Fuel: Gas-Natural, Electric
School Information
  • Elementary School: Alfredvail
  • Middle School: Frelghuysn
  • High School: Morristown
Garage
  • Detached Garage
Parking
  • 1 Car Width
Additional Information: Chester | 917-929-0077
Location
   
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